All Forum Posts by: Chandra Venkat

Seems like there is a variation of this theme on this thread. Except they talk about some equity, but I think at the end of the day it is some "skin in the game".

@Albert D. Great thread. Looking forward to what people are using. 

Here are a couple of things we have done. 

1. Use Cozy.co for rent collection(1), Tenant Screening(4)

2. Use Google Forms for 3 and set auto emails to your self and check it. As an additonal capability setup up a Google Voice and they can leave a message as well, that can transcribe and send you an email/text. as well. Then we share the spreadsheet with the maintenance so they can update the status. 

3. Use the Google Voice Text feature for the late notice(2), but is still manual. 

Would love to do the 5, haven't been able to get around to that. Although we are out-of-state landlords, it is just 3 miles, so have not focused on that part yet:-)

Here is a file from the resources section, https://www.biggerpockets.com/files/user/kp1/file/estoppel-agreement you can ask them to sign it to provide the details.

Chris, you can look at the estoppel statement, where the tenant will provide info about the lease and anything else. It is in the book on buying rental properties by @Brandon Turner. 

We are lookign at a multi-family property. It is owned by a builder/developer who happens to own the units. I am working through the Sellers agent. I feel it makes it easier in deals to talk to the actual sellers. In the past my deals went a lot smoother when I talked to the Seller directly, not worried too much about the commission etc, but more of asking the right questions and being able to feel comfortable about the property and the deal and found the Sellers walked away happy as well. Do others request to talk to the Sellers in such scenario? How do you position it to the Realtor? Just looking for ideas and thoughts about the process.

Thanks,

Chandra

Thanks @Jeff Sheraton. I called paylease and they said the minimum units they can do is 100. I have only 24 units, so that is out of the question.  

@Jeff Gates  do you use the moneygram service and/or checkfreepay? How do you like it?

@Jeff Sheraton was curious as to your experience since you have been using paylease for a bit, I assume. I was using IPN till now, they are discontinuing now and like the added benefit of people able to pay cash at some locations as well. Also, what are their charges, could not see anything online.

Thanks,

For rents you can look at https://www.rentometer.com/ and should provide a good range. Also, look at Zillow/Trulia to get a general idea. Understand all of them are ranges, but gives you a good perspective. 

Jessica,  

     I invest in the KC area as well( have properties in Blue Springs/Lee Summit and KC south, let me know if you have any questions.